INSURANCE COMPANY
Insurance companies: Case for lower GST? Health insurers believe 18% GST hampering growth
The non-life insurance sector is on a growth track. Health insurance now commands 35% of the market share in the non-life insurance space, & has an annual growth of 23%. If GST is reduced to 12%, would that impact the players' revenue? ET Now's Anurag Shah expl...
ET Money Show: Should you take disease specific insurance coverage?
With insurance companies offering niche covers for a host of diseases like cancer, diabetes, hypertension and most recently dengue, the question now is what exactly one should opt for and whether disease-specific covers make sense. Naval Goel, Founder and CEO, of Policyx.com, will h...
Reliance AGM 2023: Jio Fin to enter insurance sector; Mukesh Ambani shares company's outlook
Jio Financial Services, the newest addition to Reliance Industries will enter the insurance sector, said Reliance Industries' chairman Mukesh Ambani at the 46th Reliance annual general meeting (AGM) on Monday. "JFS will enter the insurance segment to offer s...
IRDAI Board revises norms for insurers, approves changes in ownership, solvency of insurance companies
The Insurance Regulatory and Development Authority of India (IRDAI) has approved multiple proposals in its meeting on Friday, allowing private equity funds to invest directly into insurance companies, permitting banks to tie up with nine insurance ...
Government planning micro insurance cos to increase penetration in the sector; to amend Insurance Act
Government is planning micro insurance companies to increase insurance penetration. Bill to be introduced to amend the Insurance Act in the winter session.Government planning micro insurance cos to increase penetration in the sector; to amend Insura...
Here's why insurance companies expect up to 15% hike in reinsurance premiums
Insurance companies in the country are expecting up to 15 percent hike in reinsurance premiums amid economic uncertainties and high inflation, ET NOW reported, citing sources.Here's why insurance companies expect up to 15% hike in reinsurance premiums
First Citizens Bank will buy SVB's deposits, loans from Federal Deposit Insurance Corporation (FDIC)
On Monday, the Federal Deposit Insurance Corporation (FDIC) sold all deposits and loans of Silicon Valley Bridge Bank to First–Citizens Bank & Trust Company. The transaction has been structured as a whole bank purchase with loss share coverage.First
IPO outlook for 2023: About 54 companies waiting to raise Rs 84,000 crore fresh capital
After 40 mainboard IPOs raised over Rs 59,000 crore from Dalal Street in 2022, at least 54 companies proposing to raise Rs 84,000 crore are presently holding Securities and Exchange Board of India (SEBI) approval. Moreover, another 33 companies looking to raise a
Gujarat: Chain smoker to get insurance claim for lung cancer treatment, wins court case
Gujarat resident Madhukar Vora has won the claim for medical insurance when he underwent treatment for lung cancer. The insurance firm had earlier rejected him on the ground that he was addicted to an intoxicant. The court observed that nicotine in cigarettes is
Five govt schemes to ensure financial security for your domestic help
Domestic workers help daily with cleaning, cooking, driving, and much more. Yet, despite improving their financial condition over the years, many continue living in poverty without safety nets. Riju Mehta of The Economic Times lists a few schemes to help them become financially se
Stocks in focus: SpiceJet, Coal India, Star Health and more
Nifty futures on the Singapore Exchange traded 246 points, or 1.44 per cent lower at 16,880.50, signaling that Dalal Street was headed for a negative start on Monday. Here are some stocks which may buzz the most in today's trade.Stocks in focus: SpiceJet, Coal India, Star Health and more
Rakesh Jhunjhunwala-backed Star Health IPO: Is it worth the effort to subscribe
Rakesh Jhunjhunwala-backed company, Star Health commands a market share of 15.8 per cent in the health insurance market. It also stands out among other standalone health insurers in size, strong gross written premium growth, and better operational performance. So should
HDFC Life Q3 results: Profit rises 3% YoY to Rs 274 crore
NEW DELHI: HDFC Life Insurance Company on Friday said its standalone net profit for the quarter ended December rose 3.2 per cent to Rs 273.65 crore from Rs 264.99 crore in the corresponding quarter last year.HDFC Life Q3 results: Profit rises 3% YoY to Rs 274 crore
After Air India, govt to disinvest BPCL, float LIC IPO by last quarter of FY22
Following the successful completion of the disinvestment of Air India, the government expects to carry out the divestment of BPCL in the current financial year. The government will also come up with Initial Public offerings (IPO) of Life Insurance Company (LIC) during the
Budget 2021: FM Nirmala proposes consolidation of SEBI Act; divestment of 2 PSU banks, LIC in FY22
Finance Minister Nirmala Sitharaman proposes to consolidate provisions of SEBI Act, Depositories Act, Securities Contracts Regulation Act, Government Securities Act; Government to privatise 2 PSU banks, one general insurance company in FY22, says Nirma
HDFC Q3 results: Net profit falls 65% to Rs 2,926 crore, revenue declines by 42%
Housing Development Finance Corp reported a 65 per cent year-on-year decline in net profit for the quarter ended December to Rs 2,925.8 crore. The company’s total revenues fell 42.3 per cent to Rs 11,707 crore. However, the company said that earnings for the December qu
ICICI Lombard makes tepid debut, lists at 1.66% discount to issue price
ICICI Lombard General Insurance Company on Wednesday made a tepid debut on BSE, as the scrip got listed at Rs 650, a 1.66 per cent discount to its issue price of Rs 661 per share.ICICI Lombard makes tepid debut, lists at 1.66% discount to issue price
Watch: ICICI Lombard's 5,700 cr IPO fully subscribed on day 3
The Rs 5,700 crore initial public offer (IPO) by ICICI Lombard General Insurance Company got fully subscribed on last day of the bidding process.Watch: ICICI Lombard's 5,700 cr IPO fully subscribed on day 3
Insurance Ordinance will help companies raise funds: FM
The Finance Ministry said the Ordinance for insurance sector reform will help companies raise capital through new and innovative instruments, besides promoting economic growth and job creation.Insurance Ordinance will help companies raise funds: FM
HDFC Ergo buys L&T General Insurance for Rs 551 crore
HDFC Ergo general insurance company, promoted by Housing Development Finance Corporation, today agreed to buy L&T General Insurance for Rs 551 crore, first buyout in the general insurance industry.HDFC Ergo buys L&T General Insurance for Rs 551 crore
Govt may sell about 10% stake in insurance cos via IPO
The department of financial services is working out on the valuation of the four public sector general insurance companies, and initial public offering/offerings (IPO/IPOs) of one or two of them may hit the primary market by early FY17, government sources said. The government may sell 10 per cen
To sell 9% in insurance JV to Standard Life: Keki Mistry
Standard Life has decided to increase stake in India’s biggest insurance company HDFC Limited. Vice Chairman of the group Keki Mistry spoke to us more on that.To sell 9% in insurance JV to Standard Life: Keki Mistry
Govt may sell 10% stake in state run insurance cos via IPO
The government may sell about 10 percent stake in state run insurance companies via IPO, said sources from the government.Govt may sell 10% stake in state run insurance cos via IPO
Insurance cos cashing in on the FDI hike
Finance minister's FDI cap hike to 49% brings relief to insurance sector.Insurance cos cashing in on the FDI hike
HDFC board gives nod to HDFC Life-Max merger
Moving a step closer to form the country's biggest private sector life insurer, the board of HDFC approved the merger of Max Life and Max Financial Services with its insurance arm HDFC Standard Life Insurance Company.HDFC board gives nod to HDFC Life-Max merger
HDFC board gives nod to HDFC Life-Max merger
Moving a step closer to form the country's biggest private sector life insurer, the board of HDFC approved the merger of Max Life and Max Financial Services with its insurance arm HDFC Standard Life Insurance Company.HDFC board gives nod to HDFC Life-Max merger
HDFC Life-Max deal: IRDA writes to DEA seeking legal opinion
The Insurance Regulatory and Development Authority has now written to the Department of Economic Affairs seeking legal opinion on HDFC Life, Max merger deal.HDFC Life-Max deal: IRDA writes to DEA seeking legal opinion
Insurance companies in need of M-commerce capabilities?
Insurance companies in need of M-commerce capabilities?
New India Assurance first to launch IPO in FY17
The department of financial services is working out on the valuation of the four public sector general insurance companies, and initial public offering/offerings (IPO/IPOs) of one or two of them may hit the primary market by early FY17.New India Assurance first to launch IPO in FY17
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